Cypherpunk becomes largest Zcash miner after Winklevoss deal

Cypherpunk Technologies announced on August 18, 2026, that it has become the largest active Zcash miner in the world following the acquisition of a substantial mining fleet from entities affiliated with Winklevoss Capital. The deal, valued at $33.33 million, grants the Nasdaq-listed company a dominant position on the Zcash network and significantly expands its cryptocurrency holdings and operational capabilities.

The company acquired a fleet of Bitmain Z15 Pro mining machines, already operating at facilities across the United States, providing approximately 4.2 GSols of computing power. This represents roughly 18% of the Zcash network's total hashrate, making Cypherpunk the largest single mining operation on the blockchain. The acquired assets include the machines and their associated hosting agreements, purchased from Moria Mining LLC and Winklevoss Treasury Investments LLC. Rather than a cash payment, Cypherpunk issued a prefunded warrant to the seller, Winklevoss Treasury Investments, allowing the purchase of 43.29 million common shares at a nominal exercise price. An SEC filing indicated the transaction valued Cypherpunk's stock at $0.77 per share.